Nike: Is a Turnaround in the Stock Near?
Nike (NYSE: NKE) shares rallied after the sneaker and apparel maker's fiscal first-quarter results showed some signs of a potential turnaround. The stock, however, is still down slightly on the year and has fallen by more than 40% over the past five years.
Let's take a closer look at Nike's recent earnings to see if a turnaround is near and if investors should be buying the stock.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€57.84
0.590%
The stock is an absolute favorite of our community with 63 Buy predictions and no Sell predictions.
With a target price of 75 € there is a positive potential of 29.67% for Nike Inc. B compared to the current price of 57.84 €.
